If loan is taken as on 1st august of rs 100000 @ 10% p.a and if qualifying asset is acquired on 1st september, then how much int should be capitalised?

if year ending is on 31st march

Hello Everyone
I am Sanjay. I want to clarify one point regarding entry in Tally.
My wife has paid a cheque to LIC on my behalf from her account. Now in the books of accounts where it will appear. I have made the entry in drawings of her account.
Bank A/c Dr
To Drawings
(in her books)
LIC a/c Dr
Drawings
(in my books of accounts)
My clients are professionals.
Am I right or I have to show loan to & from each other.
Kindly advise.
Regards
Sanjay

Dear Expert

Please suggest me the best book for AS in hindi and english.
Reply AsAp

Dear Sir,

I am Neha Sharma from Delhi, I am an Accountant, I want to know that which type of facility we can provide to our employees through esic.I have find the link for delhi and i just want to cofirm that if we will provide more than 1 benefits to our employees so, what will we charge from them or from their salary.
Kindly provide me the related tis information and other information related ESIC & PF.

Thanks & Regards,

Neha Sharma

dear all,

pls can anybody provide me with new b/s format with sch....

pls its urgent...


regards

tanveer ahuja..

why an expense which comes under extraordinary items is added and deducted in operating activity ???

if there is closing balance in auto swipp a/c
then it will come under Bank Balance or Loans
& Advances or Short Term Investment or under any other head?

Dear Sirs,

What is the accounting treatment for the following :

Expenses incurred upto commencement of business such as rent etc - should it be treated as a pre-liminary expenses and w/off for 5 years as per sec 35D ??

The expenses upto incorporation stage needs to be w/off for 5 years which is known to me as per IT Act, 1961

but is the pre-operative expense referred above should be given same treatment ?? Kindly clarify...

Kindly mention the a/cing treatmet which needs to be passed in Co's books and to be considered in IT Act,1961.

One of my client has started constrution of Building. As on 31-03-2012 there was no sale of flat or any advance received. how wil be the accounting done in such case for all expenses?

If company has issue Foreign Currency Convertible Bond then what is the accounting entry for that n weather we have to treat it as mark to market at the end of the year???If yes that its called foreign currency fluctuation Dr in P&L account??? expert pl help